Alexandria Real Estate Equities, Inc. to Issue Quarterly Dividend of $1.30 (NYSE:ARE)

Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced a quarterly dividend on Wednesday, September 4th, RTT News reports. Investors of record on Monday, September 30th will be given a dividend of 1.30 per share by the real estate investment trust on Tuesday, October 15th. This represents a $5.20 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Monday, September 30th.

Alexandria Real Estate Equities has increased its dividend by an average of 16.2% annually over the last three years and has increased its dividend every year for the last 15 years. Alexandria Real Estate Equities has a payout ratio of 146.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Alexandria Real Estate Equities to earn $9.68 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 53.7%.

Alexandria Real Estate Equities Stock Performance

ARE opened at $121.03 on Friday. The company has a market capitalization of $21.17 billion, a price-to-earnings ratio of 113.11, a P/E/G ratio of 4.26 and a beta of 1.16. The business’s 50-day moving average price is $118.46 and its two-hundred day moving average price is $119.77. Alexandria Real Estate Equities has a 1 year low of $90.73 and a 1 year high of $135.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $2.34 by ($2.09). The firm had revenue of $766.70 million during the quarter, compared to the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.24 EPS. Equities analysts expect that Alexandria Real Estate Equities will post 9.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ARE. Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their target price for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Evercore ISI upped their price target on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Royal Bank of Canada lowered their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Citigroup downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the company from $130.00 to $125.00 in a report on Friday, September 13th. Finally, JMP Securities reissued a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and an average price target of $130.70.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.